Our Organisation:
Following the introduction of Pension Scheme for Bank Retirees in 1995, the UCO Bank Retired Employees Association was formed in 1995 in Kolkata embracing retirees in all cadres irrespective of their in-service Trade Union Affiliation.
Com Shyamgopal Das was elected President, Com Amalendu Shekhar Banerjee as Gen.Secretary, and Com P P Ghosh as Treasurer. Following the formation of Kolkata based West Bengal Unit, Units were formed in Mumbai and a few other centres. West Bengal Unit became affiliated to the then existing Bengal Provincial Retired Bank Employees Association. Late Com Ramesh Chakraborty,Com B P Bajpai and Late Com Tarakeshwar Chakraborty inspired us to form an All India Organisation of UCO Bank Retirees.
In a convention held in 2003 in Kolkata, All India UCO Bank Retirees Federation came into existence blessed by Late Com Tarakeshwar Chakraborty,Gen.Secretary All India Bank Employees Association. Many luminaries of the Banking Industry including Com Shyamgopal Das and Com Shanti Ranjan Bal of UCO Bank were present in the convention.
A Committee was formed with Sri J. G Agarwal as Chairman, Com M.K.Jha as President, Com Shyamgopal Das as Gen.Secretary and Com S.N.Ghosh as Treasurer. As decided in the convention in the same year we were affiliated to All India Bank Retirees Federation.
Since formation of our Federation, we took up the issues relating to retirees and the first thing we could achieve was 1% extra interest on deposits of retirees over and above the 1% extra interest enjoyed by banks staff/retirees (Banks Circular no CHO/DEPOSIT/17/2004-05 dt.5/02/2005). This privilege, however, have since been curtailed by introduction of various special deposit schemes introduced by the bank.
Considering the importance of Medical Expenses after retirement, we raised the issue of Medical Relief for Retirees since 2004. In 2009 Medical Insurance Scheme for Retirees was introduced. Some assured Rs 1 lac – Retirees share of premium 1/3rd at Rs 1800/- which continued till 2011-12.
For 2012-13 we could get the Sum insured raised to Rs 2 lac, Retirees share of premium remaining same at Rs 1800/-.
In 2014-15 for Sum insured Rs 2 lac Retirees share of premium was raised to Rs 4200/-, Bank’s share being Rs 5600/-.
In 2015-16, the Industrywise dispensation raised the sum insured to Rs 3 lac for Workmen and Rs 4 lac for Officers, which is continuing in 2016-17. The Premium was however, raised to, Rs 12020/- for Workmen (with domiciliary treatment Rs 14950/-) Rs 16000/- for Officers (with domiciliary treatment Rs 20000/-) Banks subsidy provided earlier to the extent of Rs 5600/- was reduced to a mere Rs 693/-
Interest on delayed Payment of Gratuity.